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president obama got a lot ofgo what t he wanted, and the rights very upset. when a party is in-fighting, thi party that n-is unified usually witnessni in politics, -- wins n politics. >> but lost it seems is the fact that taxes going up on justo about everybody, and that's noto exactly the promise the president made. middle class got a tax hike today with the payroll tax cut. >> both parties were talkingtalk about, the payroll tax hike, that's going to go back up, and some liberals like that because they felt like it was takingtaki money out of social security. but everybody will feel thatfe when they get the first paycheck of the year.y >> thanks for coming in. >>> as we heard, john boehner is back in the cross hairs after he delayed a vote on the aid billai for d hurricane sandy. the speaker's decision to cancel last night's vote has outrageded congressional members on boths n sides of the aisle. >> we cannot believe that this cruel knife in the back was delivered to our region.. >> it is the most disgraceful action i've seen in this house in the 20 years i
president obama got a lot ofgo what t he wanted, and the rights very upset. when a party is in-fighting, thi party that n-is unified usually witnessni in politics, -- wins n politics. >> but lost it seems is the fact that taxes going up on justo about everybody, and that's noto exactly the promise the president made. middle class got a tax hike today with the payroll tax cut. >> both parties were talkingtalk about, the payroll tax hike, that's going to go back up, and some liberals...
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this means that we are talking about the obama tax code. president obama of this tax cut right now. this is all his. for now on, good or bad, he lows with the results of this. gerri: you are so knowledgeable. thank you for helping is out. it is a huge bill. of course, the president will be signing it soon. thank you for your time. >> you bet. gerri: washington's last-minute deal to avert a monster they created has left neither side coming victory, everybody seems to be mad. now moody's is warning, their compromise does not go far enough to protect our country's aaa rating and is urging congress to do more. with more on this, democratic strategist, director of communications for american crossroads and ed rollins, republican strategist and fox news contributor. i'm going to start with you. you have the most experience with these kinds of things. moody's has already saying, ready warning, already sending a blank saying we're not where we need to be. what do you make of this? >> it's a disaster. you have not only raise taxes on the more well-to-do but basically handicapped yourself. tr
this means that we are talking about the obama tax code. president obama of this tax cut right now. this is all his. for now on, good or bad, he lows with the results of this. gerri: you are so knowledgeable. thank you for helping is out. it is a huge bill. of course, the president will be signing it soon. thank you for your time. >> you bet. gerri: washington's last-minute deal to avert a monster they created has left neither side coming victory, everybody seems to be mad. now moody's is...
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diane: what you're seeing on the right-hand side of your screen is preparation for president obama come out. we are waiting for the press conference. the senate bill will head to the white house where it is also expected to be passed by the president, and that will avoid losing the bush era tax cuts for anybody -- individuals making under $100,000 a year and couples making $450,000 per year. above that threshold we will see taxes go up. spending cuts have been postponed. we will not be doing with the sequestration or the spending cuts or agree to the last time i had to deal with the debt ceiling negotiations. we are talking to jared levy about how this affects the markets. there's a ton of uncertainty, especially with the spending cuts out there the debt ceiling, so out there, and i wonder how that has been affected by the lack of performance. another thing that kept being discussed was tax increases or no tax increases. for the tax code in general needs to be overhauled. and what can be done to tackle the deck dataset? jared: 60 or 70% of working americans have done some meals prepared
diane: what you're seeing on the right-hand side of your screen is preparation for president obama come out. we are waiting for the press conference. the senate bill will head to the white house where it is also expected to be passed by the president, and that will avoid losing the bush era tax cuts for anybody -- individuals making under $100,000 a year and couples making $450,000 per year. above that threshold we will see taxes go up. spending cuts have been postponed. we will not be doing...
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time right here the you know people like. martin dempsey the chairman of joint chiefs of staff the highest military office in the country he says this kind of thing many in the in the obama administration have chuck hagel the presumptive nominee for secretary of defense for the abomination second term he's very weary of a war in iran so i think the tide is actually turning a little bit and we'll have to see if it plays out that way but what we're probably going to be faced with is what the obama terms a dual track which is diplomacy and. harsh sanctions that primarily harm the iranian people not the government and that's unfortunate or ok that's like carrots and sticks there i say i will if i go to you in san francisco i will if obama be emboldened now he's reelected he's technically a lame duck ok i mean will he be more bold in his approach to domestic policy and foreign policy in your opinion well you know it is the second term they always think of their legacy and the second term is where presidents in america constantly g
time right here the you know people like. martin dempsey the chairman of joint chiefs of staff the highest military office in the country he says this kind of thing many in the in the obama administration have chuck hagel the presumptive nominee for secretary of defense for the abomination second term he's very weary of a war in iran so i think the tide is actually turning a little bit and we'll have to see if it plays out that way but what we're probably going to be faced with is what the...
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right now they are not giving any guidance on how he is going to sign the bill. we expect it to happen and expect to get guidance later today, but there two options. president obama could sign the actual paperwork so the paperwork could be flown out here to hawaii or use the auto pen. that is a tactic he has taken twice in the past, but has been overseas when he used it. some people have a problem with it and question the constitutionality and it's not an actual signature. it's an automatic signature. those are the two options. we are trying to figure out what the specifics are. the white house is working behind the scenes to figure out how it's going to unfold. >> the president is not exactly off the grid. as we mentioned, he issued that statement on the hurricane sandy relief bill urging congress to act on that. is this an issue he might have to take up and considering what we have been talking about, are we missing the other pressing issues? >> i wouldn't be surprised. he has been talking to folks about that today. he reached out to chris christie and they had
right now they are not giving any guidance on how he is going to sign the bill. we expect it to happen and expect to get guidance later today, but there two options. president obama could sign the actual paperwork so the paperwork could be flown out here to hawaii or use the auto pen. that is a tactic he has taken twice in the past, but has been overseas when he used it. some people have a problem with it and question the constitutionality and it's not an actual signature. it's an automatic...
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remember obama is not just raising taxes on the rich right now. we're about to enter a decade where a trillion dollars is going to be taken away from the american people in higher taxes to pay for obama-care. this was passed only by democrats. it is entirely a democrat tax increase. and it includes many taxes that directly hit middle income and lower income people. so obama's tax increase is not just the top tax rates. it's people -- if you have bad health problems and you spend more than 7.5% of your adjusted gross income on out of pocket health costs, you used to be able to deduct anything above that. thanks to obama's law, obama-care, that's now 10%. so $2 million to $3 million will be taken out of people average income $53,000 a year, who are lower income, middle income and sick. they're going to be paying taxes for obama-care. there's an avalanche of obama tax increases coming next year. >> i just want to point out, grover norquist, though, having said all that and everything you said, you are giving cover to those republicans who will vote i
remember obama is not just raising taxes on the rich right now. we're about to enter a decade where a trillion dollars is going to be taken away from the american people in higher taxes to pay for obama-care. this was passed only by democrats. it is entirely a democrat tax increase. and it includes many taxes that directly hit middle income and lower income people. so obama's tax increase is not just the top tax rates. it's people -- if you have bad health problems and you spend more than 7.5%...
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their worries from a primary challenger on the right. going forward, folks will have to realize when people say why want the compromise? because they see any compromise any time they are with president obama, and some will get flak for being too close to political interest. last thing, this is a deal that was opposed by the afl-cio and also imposed by the heritage action, the very conservative group that has a very influential scorecard here on capitol hill. you see both far left, far right, move on.org, they did not like this. some folks say both extremes don't like it. we will see what effect that has on members moving forward. >> we are just learning that speaker boehner voted for this as well as paul ryan voted for this. eric cantor did not vote for it. he voted against it. >> while. >> that is what we understand right now. what is the next cep, and when will the president get that? if you want to comment on what we just learned about the votes from speaker boehner and paul ryan. the budget grew roll from the right voting for it and.
their worries from a primary challenger on the right. going forward, folks will have to realize when people say why want the compromise? because they see any compromise any time they are with president obama, and some will get flak for being too close to political interest. last thing, this is a deal that was opposed by the afl-cio and also imposed by the heritage action, the very conservative group that has a very influential scorecard here on capitol hill. you see both far left, far right,...
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we came back and they said all right, we are going to whip a fake bill. i whang is fascinating as we go fshd is this is the beginning of the beginning when it comes to more budget wars. president obama has limited capital in his second term and a lot of it will be spent fighting with the house republican conference. they are not backing down. a lot of them call they got rolled on the fight and they wanted to save the gunpowder for the debt limit deal. john boehner is definitely going to have to assert strong leadership if he wants to keep the conference happy. one more thing i will low in, eric kantor and john boehner went different ways on the bill. john boehner cast a vote for. they are going different ways on the sandy relief bill. he will try to negotiate asking for a spending cut for every dollar they go up to prove to his conference he is not a push over and he is fighting for them and trying to work their will. >> you set it up perfectly. if we hit this debt ceiling and there is no deal, we can agree catastrophic consequences for the economy and yo
we came back and they said all right, we are going to whip a fake bill. i whang is fascinating as we go fshd is this is the beginning of the beginning when it comes to more budget wars. president obama has limited capital in his second term and a lot of it will be spent fighting with the house republican conference. they are not backing down. a lot of them call they got rolled on the fight and they wanted to save the gunpowder for the debt limit deal. john boehner is definitely going to have to...
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we know the right won't stop coming. we know they'll try to block and suppress and rig. but the fight goes on. the president is ready to fight for tax reform, gun control, immigration reform and climate change. it's bold in its ambition. ambitious. but i want this to be about real people. real americans. forget washington, this is about fairness. this is about keeping our streets safe. it's about real families wondering about their futures. >> joining me now, ryan grimm, washington chief for "the huffing ton post." thank you both for joining me. >> ryan, let's get right to the next big fight. the debt ceiling. the president drew a line in the sand. last night. how do you see it playing out. >> you know, i part with a lot of people in washington on this question. and i think that the president is extremely serious about this commitment not to negotiate over the debt ceiling. if you read bob wolverite's book, it's something that comes through the entire time. if the congress can continue to hold things up, can continue to hijack the process by continuing to tilt the balanc
we know the right won't stop coming. we know they'll try to block and suppress and rig. but the fight goes on. the president is ready to fight for tax reform, gun control, immigration reform and climate change. it's bold in its ambition. ambitious. but i want this to be about real people. real americans. forget washington, this is about fairness. this is about keeping our streets safe. it's about real families wondering about their futures. >> joining me now, ryan grimm, washington chief...
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president obama is in hawaii right now. >>> tonight police are asking for help from anyone in finding a man who disappeared after celebrating new year's eve. michael poe went out with friends, and was last seen leaving shenanigan's bar on 18th. >>> let's fast forward to the weather. >> a very cold evening. 35 years, already down to 29 in pittsburgh, and 23 degrees, coldest air of the season is upon us. it will be a cold night tonight. most of you will end up in the teens. this cold air looks like it will last the next couple days. >>> plus when we may see a warm-up, all of that in my forecast. >>> thank you, doug. >>> there is confusion and there's controversy brewing tonight over certain speed cameras. >> adam tuss is live near the third street tunnel to tell us why hinds of tickets could be thrown out. adam? >> reporter: this is quite the case. one of decreases c.'s own police officers disputing a speed camera ticket that he got as a regular civilian driver. it could mean that thousands of similar speed camera tickets will have to be thrown out. some line the program as a way to slo
president obama is in hawaii right now. >>> tonight police are asking for help from anyone in finding a man who disappeared after celebrating new year's eve. michael poe went out with friends, and was last seen leaving shenanigan's bar on 18th. >>> let's fast forward to the weather. >> a very cold evening. 35 years, already down to 29 in pittsburgh, and 23 degrees, coldest air of the season is upon us. it will be a cold night tonight. most of you will end up in the...
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that's exactly what's happening to mitt romney right now. billions of americans are very disappointed that the governor did not wage a more aggressive campaign to unseat president obama. and instead he played safe and libya the third debate and sitting on it the last eight days of the campaign. after hurricane sandy hit the governor disappeared from the news cycle, apparently that was fine with him, he had many opportunities to speak with urgency in the the last weekend, but passed. so president obama's team run by the brilliant david axlerod won the fourth quarter big. they could point at voters who might support them and get them out on election day. the romney campaign made local appearances, saying the same thing over and over and over. early on election night when trends began to appear i said this, the changing country, the demographics are changing it's not a traditional america anymore and there are 50% of the voting public who want stuff. they want things. and who is going to give them things? president obama. he knows it, and he ra
that's exactly what's happening to mitt romney right now. billions of americans are very disappointed that the governor did not wage a more aggressive campaign to unseat president obama. and instead he played safe and libya the third debate and sitting on it the last eight days of the campaign. after hurricane sandy hit the governor disappeared from the news cycle, apparently that was fine with him, he had many opportunities to speak with urgency in the the last weekend, but passed. so...
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law so that's that crisis averted cue the confetti right well actually not even close the u.s. might have avoided an economic calamity in the short run but the future of the country is still as uncertain as it was before if not even more so let's take a look at the scorecard does the u.s. need its fiscal cliff deadline of midnight december thirty first to avoid financial repercussions nope despite the fact that congress had almost a year to act it missed its deadline by a day luckily stark stock markets were closed on new years and are doing quite well today as a result of the newly signed deal and then there's the whole retroactive agreement thing meaning that congress can decide if it didn't in fact go over the fiscal cliff when the truth is that technically it did so what about the automatic spending cuts known as sequestration or at the crux of the crisis no final decision on how much to cut and where to cut from has been delayed only by a couple of months what's more sequester ration could be even harsher on military programs if the deficit and debt agreement are not reach
law so that's that crisis averted cue the confetti right well actually not even close the u.s. might have avoided an economic calamity in the short run but the future of the country is still as uncertain as it was before if not even more so let's take a look at the scorecard does the u.s. need its fiscal cliff deadline of midnight december thirty first to avoid financial repercussions nope despite the fact that congress had almost a year to act it missed its deadline by a day luckily stark...
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>> right. you have a "the wall street journal" editorial in which the advice to the republican party was as follows. house republicans should pursue their own agenda and let mr. obama and senate democrats pursue theirs. mr. obama has his tax triumph, let it be his last. if the "the wall street journal" editorial board is telling republicans hunker down even more, does this bode well for your party? >> no. no, it would kind of bifurcate all over the place. norm is right, we saw that played out on the floor, the split in leadership on the vote, you have members who are frustrated by being led down one rabbit hole, only to wind up in another. i think what "the wall street journal" is saying, though, and there is some truth to this, you have to identify a strategy and plan and stick to it, and you have to be able to marshal the forces, both inside the caucus and around the country, that is going to be able to explain that to the american people. and no matter whether it's good, bad, or indifferent,
>> right. you have a "the wall street journal" editorial in which the advice to the republican party was as follows. house republicans should pursue their own agenda and let mr. obama and senate democrats pursue theirs. mr. obama has his tax triumph, let it be his last. if the "the wall street journal" editorial board is telling republicans hunker down even more, does this bode well for your party? >> no. no, it would kind of bifurcate all over the place. norm is...
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and early in this process, president obama was very very aggressive in arguing the point that he was not allowed taxes -- hopes that tax rates, for people making $250,000 or above, him going up to $450,000 is a genuine significant concession particularly given the default here with higher taxes. but i give both sides of the negotiators both credit and blame for that. this comes down to just a dozen or two dozen different things to estate taxes, whether or not we off set the sequester. the number moving parts of the detail in this deal were really significant. and it is probably why we were not able to get a bigger deal. they had trouble adjusting the parts in the bigger areas where there is probably a fair amount of existing agreement. >> you also said you thought republicans were winning for this deal. for those who are not the far right of the caucus those who are the moderate republicans they believe they are winning in this deal, too. what are they getting out of this? not only the 400 and the 450. >> let me just say, where the republicans are i think it is too early to tell who
and early in this process, president obama was very very aggressive in arguing the point that he was not allowed taxes -- hopes that tax rates, for people making $250,000 or above, him going up to $450,000 is a genuine significant concession particularly given the default here with higher taxes. but i give both sides of the negotiators both credit and blame for that. this comes down to just a dozen or two dozen different things to estate taxes, whether or not we off set the sequester. the...
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house of representatives passed a fiscal cliff budget deal that president obama is expected to sign into law so that's that crisis averted cue the confetti right not even close the u.s. might have avoided economic calamity in the short run but the future of the country is still as uncertain as it was before if not more so let's take a look at the score card so did the u.s. meet its fiscal cliff deadline of midnight december thirty first to avoid its financial repercussions nope despite the fact that congress had almost a year to act it missed its deadline by a day luckily stock markets were closed on new year's day and they're doing quite well today as a result of the new deal and then that the whole retroactive agreement thing that's also a part of this meeting that congress can decide that it didn't go over the fiscal cliff when in fact technically it did and how about the automatic spending cuts known as sequestration or the crux of the crisis no a final deal on how much to cut and where to cut from this has been delayed of only by a couple of months though what's more seaquest ration
house of representatives passed a fiscal cliff budget deal that president obama is expected to sign into law so that's that crisis averted cue the confetti right not even close the u.s. might have avoided economic calamity in the short run but the future of the country is still as uncertain as it was before if not more so let's take a look at the score card so did the u.s. meet its fiscal cliff deadline of midnight december thirty first to avoid its financial repercussions nope despite the fact...
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i think it took a special person in barack obama to bring theta left to where it is right now. i'm frankly surprised it got here. and it will takeba somebody who really connects with people who is charismatic and smart and takes this message to people in a smart way where you are not demonizing anybody and i reject the notion that i or i or bill or anyone else is doing that in explicit ways. you have to cross these cultural barriers and talk in a way that's smart and reach folks. that was part of what was missing. >> bill: talk in a way that challenges them. i mean, look, as you said most hispanic americans are catholic. they are family oriented. >> strongly. >> bill: very veryon tradition in hispanic precincts, family, family, family. rejected all of that. >> no, no. why do you think that? >> bill: because if you looked at the democratic convention and you saw all the abortion zealots and allk the zealot tri up there and the dependency and the big government programs, you couldn't possibly say this is the pro-family party, the democrats. >> of course you could. you saw the may
i think it took a special person in barack obama to bring theta left to where it is right now. i'm frankly surprised it got here. and it will takeba somebody who really connects with people who is charismatic and smart and takes this message to people in a smart way where you are not demonizing anybody and i reject the notion that i or i or bill or anyone else is doing that in explicit ways. you have to cross these cultural barriers and talk in a way that's smart and reach folks. that was part...
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> jennifer: right. and it was adopted in the middle of a recession as envisioned to be a temporary tax increase. the final thing i would point out as we review how astonishing it was that republicans voted for a tax increase the last time this happened in 1993 with bill clinton, he had democratic control of the house and the senate, and even then al gore had to come in and cast the deciding vote in the senate. so that's how amazing it is. it's pretty astonishing. michael because you wrote a bit about history today on this, and the recalcitrant ones throughout history that have always been there, i really appreciate your perspective. thanks for joining us again inside "the war room." >> always a pleasure. >> jennifer: you bet. he has become the ultimate political fixer. got a problem? don't worry. just let joe biden go in there and straighten some people out. plus it wasn't be the 112th congress if they weren't messing something up. boehner's boyed failed to act on the bill to help victims of hurricane s
> jennifer: right. and it was adopted in the middle of a recession as envisioned to be a temporary tax increase. the final thing i would point out as we review how astonishing it was that republicans voted for a tax increase the last time this happened in 1993 with bill clinton, he had democratic control of the house and the senate, and even then al gore had to come in and cast the deciding vote in the senate. so that's how amazing it is. it's pretty astonishing. michael because you wrote a...
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. >> that's right. and these budget wars don't knowsly amount to legacy. here's a president who came in like most presidents thinking about a legacy, thinking about history. of course i think obama care will be part it haof it but i t he's looking at immigration and energy, a lot of thing he's wasn't able to do in the first term, to get them done in the second term. a lot of bad blood there between obama and the republicans but also some bad blood there between obama and the democrats. not a lot of -- i think not a lot of improvement obama has shown over he's last weeks in terms of his relationship with congress. i think that's something he certainly needs to work on if he's looking at legacy, if he's looking at these big ticket items to push them through in his second term. in a couple of months we'll have these big debates around the debt limit but quickly once 2014 comes around, we're going to be thinking about the mid terms and a lot of his political capital will be gone by then. >> it's interesting, chris, everyone to a person on capitol hill said bid
. >> that's right. and these budget wars don't knowsly amount to legacy. here's a president who came in like most presidents thinking about a legacy, thinking about history. of course i think obama care will be part it haof it but i t he's looking at immigration and energy, a lot of thing he's wasn't able to do in the first term, to get them done in the second term. a lot of bad blood there between obama and the republicans but also some bad blood there between obama and the democrats....
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and that was devastating. >> he is right, john. the next caused the internet to blow up. twitter instantly went wild. it's the number two line of the year. let's take a listen. >> we took a concerted effort to go out and find women who had backgrounds that could be qualified to become members of our cabinet. i went to a number of women's groups and said can you help us find folks. and they brought us whole binders full of women. >> what did they decide was the quote of the year? this probably won't shock you. in some ways it defined what the election is all about. let's watch. >> there are 47% of the people who will vote for the president either way there are 47% who are with him who believe that they're victims, who believe that government has the responsibility to care for them. so my job is not to worry about those -- that they should take personal care and responsibility for their lives. >> agree, john, agree, ken this was the line that put him away? >> not only was this unbelievably divisive in a country that likes to think of itself as one country, but it was critic
and that was devastating. >> he is right, john. the next caused the internet to blow up. twitter instantly went wild. it's the number two line of the year. let's take a listen. >> we took a concerted effort to go out and find women who had backgrounds that could be qualified to become members of our cabinet. i went to a number of women's groups and said can you help us find folks. and they brought us whole binders full of women. >> what did they decide was the quote of the...
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right now, president obama is on his way back to hawaii to finish his winter vacation. he left overnight shortly after the house voted for a bill to limit the damage caused by going over the fiscal cliff. the president cut his family's traditional hawaiian vacation short to return to washington and spearhead negotiations to get that deal done. the president says the legislation proves democrats and republicans can work together. >> on this vote, the yeas are 257, the nays are 167. the motion is adopted without objection a motion to reconsider is laid on the table. >> the house was far more divided than the senate which passed a measure by an 89-8 vote. eric cantor was among the republicans opposing the deal. in the end, supporters won the vote. >>> taxes will remain the same for 98% of americans. they will go up for those making $400,000 and couples who make more than $450,000 a year. spending cuts were postponed for two months, which means we could be going through a similar debate before spring. president obama says he supports a balanced approach to reducing our defi
right now, president obama is on his way back to hawaii to finish his winter vacation. he left overnight shortly after the house voted for a bill to limit the damage caused by going over the fiscal cliff. the president cut his family's traditional hawaiian vacation short to return to washington and spearhead negotiations to get that deal done. the president says the legislation proves democrats and republicans can work together. >> on this vote, the yeas are 257, the nays are 167. the...
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on the right there's some significant disagreement. here's what bill kristol wrote just before the house vote. quote, politically republicans are escaping with a better outcome than they might have expected. and president obama has gotten relatively little at his moment of greatest strength. then there's conservative commentator charles krauthammer. >> in the house who hate the bill and for good reason. i mean, this is a complete surrender on everything. >> so that's charles krautham r krauthammer. who won this thing? >> i agree with the basic premise it was a push all the way around. first of all, let me say that as far as the average working person is concerned, this really wasn't a victory at all. the payroll taxes go back up. and this wasn't really a job-creating bill of any kind. so that should be said. what we're really talking about here is politics. who won politically inside the beltway. and i think you have to say that the president came out marginally ahead. first of all, chaos could have been worse. even though he tried to
on the right there's some significant disagreement. here's what bill kristol wrote just before the house vote. quote, politically republicans are escaping with a better outcome than they might have expected. and president obama has gotten relatively little at his moment of greatest strength. then there's conservative commentator charles krauthammer. >> in the house who hate the bill and for good reason. i mean, this is a complete surrender on everything. >> so that's charles...
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. >> woodruff: president obama sounded a similar note in a statement saying, while neither democrats nor republicans got everything they wanted, this agreement is the right thing to do for our country and the house should pass it without delay. the president and house speaker john boehner had once talked of a grand bargain with $4 trillion in deficit reduction. instead, the congressional budget office calculated today that extending the bush-era tax cuts for 99% of americans would add $4 trillion to the deficit over the next decade. the senate measure delays mandatory pentagon and domestic spending cuts by two months. as the house convened at midday, a number of republican congressmen complained the bill is still too heavy on tax hikes and too light on spending cuts. ohio's steve la tourette dismissed it as a "package put together by a bunch of sleep- deprived octogenarians on new year's eve." and the alabama representative said the house needs more time. >> the house must postpone this vote until congress and the american people have time to study and evaluate this extraordinarily c
. >> woodruff: president obama sounded a similar note in a statement saying, while neither democrats nor republicans got everything they wanted, this agreement is the right thing to do for our country and the house should pass it without delay. the president and house speaker john boehner had once talked of a grand bargain with $4 trillion in deficit reduction. instead, the congressional budget office calculated today that extending the bush-era tax cuts for 99% of americans would add $4...
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we'll be right back. >>> with the late night vote the u.s. house passes a bill on the fiscal cliff. president obama warns he doesn't want to go to the brink over the next fight over the debt ceiling. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> that budget deal boosts sabre an equity. stocks in hong kong and australia hit 19-month highs in the first trading session of the year. european cheered the deal despite more gloom from the eurozone where manufacturing activity has continued to contract. that was manufacturing pmi. we have similar figures out of the u.k. now. u.k. manufacturing pmi surprisingly up to 51.4, the highest since september. it's from a revised 49.2 in november. much better than the 49.1 poll. sterling already up strong against the dollar this morning. we'll see whether it gets another kick. there the output index 54 in december. the highest since april, 2011. it's 50.5 in november. so manufacturing or factory activity jumping unexpectedly. now
we'll be right back. >>> with the late night vote the u.s. house passes a bill on the fiscal cliff. president obama warns he doesn't want to go to the brink over the next fight over the debt ceiling. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> that budget deal boosts sabre an equity. stocks in hong kong and australia hit 19-month highs in the first...
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white house officials say that president obama was planning to go back to hawaii, apparently thinking the fiscal cliff deal was done now he like the rest of the country is in limbo. team fox coverage continuing now. ed henry live at the white house. what's the reaction to the opposition that we're hearing from house republicans? >> well, rick, they are waiting in washington like the rest of us. they are still hopeful foe that they are going to clear up these road blocks. they think ace in the hole at the white house. they got the senate republican leader mitch mcconnell on board with this deal as mike suggested and that he is so far out on a limb it's going to be hard for house speaker john boehner to shove aside his fellow republican leader and not support him, not support getting this legislation through the house. otherwise, all those senate republicans, a vast majority of them that supported this will be hung out to dry. vice president biden, in fact today after he was on the hill, was just having a casual lunch at a sandwich lunch called pot bellies with staffers. he took a casua
white house officials say that president obama was planning to go back to hawaii, apparently thinking the fiscal cliff deal was done now he like the rest of the country is in limbo. team fox coverage continuing now. ed henry live at the white house. what's the reaction to the opposition that we're hearing from house republicans? >> well, rick, they are waiting in washington like the rest of us. they are still hopeful foe that they are going to clear up these road blocks. they think ace in...
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like we said earlier, fed nickels and dimes. >> that's right. the president said in march of 2010 that the affordable care act would not hit the middle class. tell you something, some of the tax hikes hit the middle class. here's the president in march 2010. >> millions of people will get tax breaks to help them afford coverage representing the largest middle class tax cut for health care in history. [applause] that's what this reform's about. >> well, no, the reform is about 20 new taxes, eight tax hikes, eight of them being enacted this year. we'll show them to you in a scroll coming on the screen. this is to pay for the high cost of affordable health care, $500 billion in tax hikes over the next decade. these are launched today. now, the -- you are going to see the flex health accounts capped. that's squarely aimed at the middle class. medical deductions capped, affecting the middle class, on and on there's others. you can't use health savings account to buy prescription drugs and the like. whether or not we see the congress going forward, as
like we said earlier, fed nickels and dimes. >> that's right. the president said in march of 2010 that the affordable care act would not hit the middle class. tell you something, some of the tax hikes hit the middle class. here's the president in march 2010. >> millions of people will get tax breaks to help them afford coverage representing the largest middle class tax cut for health care in history. [applause] that's what this reform's about. >> well, no, the reform is about...
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>> stephanie: right! viewers were basked in his anti-obama rhetoric tuned him out when they were stunned to wake up and discover the president won a second term. a scenario that hannity promised would never ever happen. >> stephanie: he had a parade of oh, i love this, thought leaders, on the right. that's a contradiction of terms like jumbo shrimp. dick morris and ann coulter who all predicted the president would lose in a landslide. let's dive into the right-wing world. see what's doing today. we already did the sounder. do you want to do it again? [ ♪ circus ♪ ] >> obama and the white house have narrative setters in the liberal media who are just raring to blame republicans for not giving in enough. i think it's obvious that this was the strategy to drive a wedge between house conservative republicans and house capitulation republicans and now, of course, between the senate republicans and the house republicans and if they don't come up with something again that wedge gets driven further and obama
>> stephanie: right! viewers were basked in his anti-obama rhetoric tuned him out when they were stunned to wake up and discover the president won a second term. a scenario that hannity promised would never ever happen. >> stephanie: he had a parade of oh, i love this, thought leaders, on the right. that's a contradiction of terms like jumbo shrimp. dick morris and ann coulter who all predicted the president would lose in a landslide. let's dive into the right-wing world. see what's...
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all right. you can give us a call at 866-55-press. look forward to take your calls. i know you have got to want to talk -- you have been like me probably pent up with frustration, and embarrassment and anger at the united states congress dealing with this fiscal cliff. so we'll talk about that. give us a call at 866-55-press. follow us on twitter and phase book and the old chat room is up and running again this morning at current tv go to current.com and click on the chat room. but first -- >> announcer: this is the "full court press." >> as you head out the news on this wednesday morning, great ta and shirley twittered this week that kim kardashian is pregnant -- >> bill: oh, god, i thought you were talking about sarah palin. >> no. she is carrying kanye west's baby. she is no stranger to politics. >> bill: david shuster was also present, so no big deal. >> by the way he is not % pregnant. >> bill: no. >> if you want to make a woman mad i learned by saying it one time, we are pregnant. no we're
all right. you can give us a call at 866-55-press. look forward to take your calls. i know you have got to want to talk -- you have been like me probably pent up with frustration, and embarrassment and anger at the united states congress dealing with this fiscal cliff. so we'll talk about that. give us a call at 866-55-press. follow us on twitter and phase book and the old chat room is up and running again this morning at current tv go to current.com and click on the chat room. but first --...
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. >>> this just into cnn, president obama has just landed in hawaii. he headed to the island right after a deal was sealed on the fiscal cliff late last night. you heard the president speak late last evening from the white house. just before 5:00 a.m. there. we're still waiting to find out actually when the president will sign the bill that was passed by the outs last night. also our dan lothian was on air force one with the president, again there it landed in honolulu. we're expecting to speak with him living coming up in our next hour. >>> well, cinderella did not show up at the orange bowl last night. the judge dog that did, northern illinois, kept the game with florida state close for most of the first half before the seminoles took charge and won 31-10. mike peska joins us. hey, mike. >> hello. >> from the time the bowl invitations went out, there was a huge outcry that northern illinois was not ready for bcs primetime. did we just see proof of that? >> yeah, they want northern illinois wasn't athletic enough, didn't have the horse toss compete wi
. >>> this just into cnn, president obama has just landed in hawaii. he headed to the island right after a deal was sealed on the fiscal cliff late last night. you heard the president speak late last evening from the white house. just before 5:00 a.m. there. we're still waiting to find out actually when the president will sign the bill that was passed by the outs last night. also our dan lothian was on air force one with the president, again there it landed in honolulu. we're expecting...
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jon: what about president obama? he sure seemed happy at that rally if that is what you want to call it? >> look i think president obama really doesn't appreciate the fact that he is the president to the entire country and not just the sort of chorus of his supporters in his own party and the idea that somehow he comes out of this looking good when he is the guy who is running washington and washington looks terrible, i think is sort of ridiculous. he also managed somehow to do something i didn't think was possible which is make joe biden look like the grown-up in the white house. while joe biden was crafting a tough deal for the white house and for republicans no one wanted to do but being a grown to figure a way out obama went and even though supported deal went out and tried every way possible to make it unpalatable to republicans. that wasn't leadership. it wasn't presidential. it was self-indulgent and, at some point i think he reached his critical mass in terms of the perception of the kind of man and kind of p
jon: what about president obama? he sure seemed happy at that rally if that is what you want to call it? >> look i think president obama really doesn't appreciate the fact that he is the president to the entire country and not just the sort of chorus of his supporters in his own party and the idea that somehow he comes out of this looking good when he is the guy who is running washington and washington looks terrible, i think is sort of ridiculous. he also managed somehow to do something...
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marsha blackburn, jen psaki, president obama's traveling press secretary, and diane swonk and connecticut attorney irving pinsky. >>> wednesday, january 2 know, starting point begins right now. > >>> our "starting point," what on earth just happened? financial markets up, but it took one fractured vote to make it happen. let's recap. late last night, the house of representatives passed the senate's fiscal cliff bill. the final tally, 257-167, and while 151 republicans voted no, it is worth noting its speaker, john boehner, voted yes, so did paul ryan, by the way. here is the deal that took over 500 days to seal. no tax hikes for couples earning less than $ 450,000 a year. itemized deductions, and unemployment benefits extended and alternative minimum tax adjusted for inflation. >> here is the deal. what the deal doesn't address is federal spending. drastic domestic and defense cuts have been put off for more than two months. looking ahead that could get messy if this is an indication, think about that. and also the debt ceiling this is the end of february this is now at 16$16.4 trillion a
marsha blackburn, jen psaki, president obama's traveling press secretary, and diane swonk and connecticut attorney irving pinsky. >>> wednesday, january 2 know, starting point begins right now. > >>> our "starting point," what on earth just happened? financial markets up, but it took one fractured vote to make it happen. let's recap. late last night, the house of representatives passed the senate's fiscal cliff bill. the final tally, 257-167, and while 151...
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he is on the president's foreign intelligence advisory board right now, and he served the president and worked with him closely. >> i think the hagel affair, and barack obama is one of the 17 american presidents who now have the privilege of being elected to a second term, and yet you see it everywhere, gun control and the fiscal cliff and the susan rice nomination, and the perils that apparently the informal mention of chuck hagel's name -- the president can't even get his way when it comes to the national security appointment. it's a sad commentary i think on the waning power and influence of the second term president and we have not even started his second term yet. >> let's see what the president decides to do if he will go forward with the nomination. do you think he will? >> i do, actually, yeah. >> i suspect he will, and let's see how the confirmation process goes. >>> and a heartbroken community sending children back to school weeks after the shooting that left the nation stupbz. how the parents are now coping. so i switched my car insurance to state farm... saved $480 bucks. yo
he is on the president's foreign intelligence advisory board right now, and he served the president and worked with him closely. >> i think the hagel affair, and barack obama is one of the 17 american presidents who now have the privilege of being elected to a second term, and yet you see it everywhere, gun control and the fiscal cliff and the susan rice nomination, and the perils that apparently the informal mention of chuck hagel's name -- the president can't even get his way when it...
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it's classic obama. he's taken two extremes and cut right down the middle. he's not getting any praise from any of the real sort of networks. that's what he does. it's too early to say how it's going to play out. >> now the president has his trophy, he's got the tax increase that current law gave him. that solves about 6% of the deficit problem over the next ten years. congratulations, mr. president. could we finally begin to address the 94% of the problem that some of us and republicans have been talking about for a long time? but this president wants nothing to do with that. we've got to force that discussion on whatever vehicle we can. >> pat, chris van hollen says we need to raise taxes more. >> and he's totally wrong. we're totally done. eck you can't solve this problem -- i don't care how much you raise taxes. you know that, i know that, we will only solve this problem when we finally get the spending under control. and the debt ceiling, and after that, the continuing resolution expiration, those are the vehicles that give us the opportunity to insist
it's classic obama. he's taken two extremes and cut right down the middle. he's not getting any praise from any of the real sort of networks. that's what he does. it's too early to say how it's going to play out. >> now the president has his trophy, he's got the tax increase that current law gave him. that solves about 6% of the deficit problem over the next ten years. congratulations, mr. president. could we finally begin to address the 94% of the problem that some of us and republicans...
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if i tried to explain that right now, you would fall asleep. but there are a couple of good policy points, but the bumper sticker is bad deal and we're not done with this. even though they had two years to figure out how to approach this, they waited until new year's eve, 2:00 a.m., across the country, the approval in washington is plummeting. when i hear president obama talking and saying now he agree that we need to do something about medicare and social security, i can understand why people around the country are just tuning out of washington all together. if the economy does do better in 2013, which i hope that it does, i believe that it will be in spite of government action in washington. not because of it. >> brian: the one thing it will do, if we start feeling better and the revenues start increasing, but we're not addressing medicare or social security -- >> that's the point. >> brian: it's like a band-aid. we're going to ignore it. >> that's the thing that footnotes in all of this is the revenues are better. they're back up now in the
if i tried to explain that right now, you would fall asleep. but there are a couple of good policy points, but the bumper sticker is bad deal and we're not done with this. even though they had two years to figure out how to approach this, they waited until new year's eve, 2:00 a.m., across the country, the approval in washington is plummeting. when i hear president obama talking and saying now he agree that we need to do something about medicare and social security, i can understand why people...